Self-storage construction has become more sophisticated over the past decade due to heightened consumer expectations as well as more rigid approval processes through municipal planning and zoning boards. Where self-storage was restricted to industrial zones in the past, it now often enjoys prime locations in commercial and even residential areas. Self-storage buildings, primarily constructed of metal building panels, are available in increasingly attractive options. Suppliers provide roofs, corridors, roll-up doors, mezzanines, lifts, elevators, relocatable buildings, and more. Important aspects of self-storage building include site layout, design and unit mix. Trends in self-storage construction include conversions, multi-story building, climate control and ‘green’ building, which can involve LEED certification and sustainable options such as solar panels. Specialty niches include boat/RV storage, wine storage and storage condos.
Taxes that Affect Your Self-Storage Business: Is Your Expense a Repair or an Improvement?
Self-storage operators know curb appeal is essential to attracting new customers and retaining existing ones. Unfortunately, many overlook the tax impact of facility repairs and improvements—and pay a price no general contractor’s estimate will ever include. Operators can ...More
Factors to Consider When Building Multi-Story Self-Storage
When contemplating development of a multi-story self-storage facility, there are many factors to carefully consider. This article explores some of these factors as well as the benefits of a multi-story structure. ...More
NitNeil Partners to Build Multi-Story Self-Storage Facility in Atlanta
NitNeil Partners, an Atlanta-based investment firm and parent company of The Storage Neighbor self-storage brand, has acquired the former A.C. White building in Atlanta’s Inman Park neighborhood with plans to construct a multi-story self-storage facility. ...More
A-1 Self Storage Plans Multi-Story Facility in Alhambra, Calif.
A-1 Self Storage has announced its plans to build a multi-story facility in Alhambra, Calif., a suburb of Los Angeles. The structure will have 74,868 square feet and offer more than 700 storage units on .66 acres of land. ...More
Self-Storage Developer to Create $50M Gotham Mini Storage Facility in Manhattan
Self-storage developer Broadway Storage LLC is set to convert a 140,000-square-foot building in midtown Manhattan, N.Y., into a $50 million facility. ...More
A-1 Self Storage to Build New Facility in San Juan Capistrano, Calif.
California self-storage provider A-1 Self Storage recently acquired 1.6 acres of raw land in San Juan Capistrano, Calif., to build a new facility. ...More
Important Do's and Dont's of Self-Storage Site Design and Unit Mix
Site design and unit mix are two of the most important aspects of self-storage development. This article identifies key considerations for building a successful self-storage project, and decisions that must be made before construction begins. ...More
Self Storage Group Development to Convert Six-Story Building in Connecticut
Self Storage Group Development LLC (SSGD) has broken ground on a six-story building conversion in Bridgeport, Conn. ...More
Business Owner to Convert Salvage Yard into Self-Storage Facility in Busti, N.Y.
The owner of a salvage yard received permission last week from Busti, N.Y., officials to pursue a self-storage project on the property that now houses Casel Auto Wrecking. ...More
Saving Self-Storage Construction Loans From Extinction: Considering Loan Structure, Source and Viability
Today, self-storage new construction loans are almost considered an endangered species. By knowing where and how to apply for a loan, as well as some of the particular considerations for self-storage construction lending, operators, developers and investor can take these ...More